1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina-Kira [14]
2 years ago
9

According to the principle of comparative advantage, Group of answer choices countries should specialize in the production of go

ods for which they use more resources than their trading partners countries with a comparative advantage in the production of every good need not specialize countries should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners countries should specialize in the production of goods for which they use fewer resources than their trading partners PreviousNext
Business
1 answer:
Vanyuwa [196]2 years ago
4 0

Answer:

should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

Country A should specialise in the production of beans and B  should specialise in the production of rice

You might be interested in
In the neoclassical model, the as curve shifts to the right over time as_______________________ and potential gdp expands.
Zepler [3.9K]

In the neoclassical model, the as curve shifts to the right over time as productivity increases and potential GDP expands.

Potential GDP is the theoretical component where labor and capital are at the highest sustainable rates (i.e. H. at rates consistent with steady growth and steady inflation.

Potential is the maximum ideal output of an economy with a high GDP and maintaining currency and product price stability. Gross Domestic Product (GDP) is the amount of output that an economy could produce given a constant rate of inflation, but the price of rising inflation causes an economy to temporarily produce above its potential level of production. maybe performed.

Learn more about potential GDP here: brainly.com/question/13824314

#SPJ4

8 0
1 year ago
SwimFit produces gear for swimmers, including suits, goggles, swim caps, and ear plugs. SwimFit wants to improve the quality of
Sphinxa [80]

Answer:

(E)

Explanation:

Since SwimFit wants to improve the quality of its goggles and other products inorder to achieve better quality than that of its competitor it is termed reverse engineering.

Any reproduction of another manufacturer's product after examination of how it is made is called reverse engineering.

An example of this scenario occurs in real life when a close competitor of a firm invents a new mobile phone with certain features. Within a few weeks the other firm might release their own mobile phone with similar or even better features.

8 0
2 years ago
A process cost system would be used for all of the following products except computer chips. motion pictures. chemicals. soft dr
denpristay [2]

One thing that a process cost system cannot be used for from the given options is Motion pictures.

<h3>What is process costing?</h3>

This is a method of allocating cost that is based on the same item being mass-produced such that there is no discernable difference between the goods that were produced.

Motion pictures cannot be mass produced which is why they cannot use process costing, Every motion picture is unique and so something more specific is needed to apportion their cost.

Find out more on process costing at brainly.com/question/17129908

#SPJ1

5 0
1 year ago
For every A you earn on your report card, your grandma gives you a twenty dollar bill. This is an example of
never [62]

Answer:

a positive incentive I think

Explanation:

8 0
2 years ago
The growth of the global company has led to the growth of global fund raising as companies seek low-priced sources of funds thro
pishuonlain [190]

The correct options about the international obtaining of funds are:

  • Money markets
  • Capital markets
<h3 /><h3>Money Market</h3>

The money market is a good form to obtain money to capitalize a company, it functions when an enterprise negotiate debt instruments to short term, giving to the buyer low risk and high profitability, in this form, the company obtain for a shor term a large mount of money and can invest in technology, resources or others to improve and grow.

If you want to learn more about Financial Market, you can visit the following link: brainly.com/question/15960668?referrer=searchResults

4 0
2 years ago
Other questions:
  • A company's ________ is similar to a company's personality.
    15·1 answer
  • Which of these statements about a business plan is true?
    7·2 answers
  • Firms in a monopolistically competitive industry produce: a) homogeneous goods and services. b) differentiated products. c) mono
    9·2 answers
  • When a company applies the initial value method in accounting for its investment in a subsidiary, and the subsidiary reports inc
    5·1 answer
  • How will modifying the priority value help to achieve your goals?
    12·1 answer
  • Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:
    10·1 answer
  • Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchase
    13·1 answer
  • What do you think would happen if the Internet shut down or went away? How would it change the way people live their lives? Do y
    8·1 answer
  • What are wholesalers​
    13·2 answers
  • What type of bank account is the best person?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!